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Is $BNB finally finding its feet or just teasing us?
Looking at the 1D chart, we’ve been stuck in this choppy range for weeks after that massive dump from the 900s. The price is currently hovering around 650.73, and it's trying to build some momentum, but the volume is looking a bit thin to call a full breakout yet.
We’ve got a clear support zone established around the 570 level that held up well last month. On the upside, 702 is the immediate ceiling we need to crack to actually see some bullish life.
The order book is showing a bit more selling pressure right now with 63% on the ask side, so I wouldn’t be surprised to see a little dip or more sideways action before the next real move. I’m staying patient on this one until we see a solid daily candle close above that recent swing high.
#SECAndCFTCSignMOU